Pair Correlation Between Yobit Avatar and LiveCoin LEOcoin

This module allows you to analyze existing cross correlation between Yobit Avatar Coin USD and LiveCoin LEOcoin USD. You can compare the effects of market volatilities on Yobit Avatar and LiveCoin LEOcoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Yobit Avatar with a short position of LiveCoin LEOcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Avatar and LiveCoin LEOcoin.
 Time Horizon     30 Days    Login   to change
 Yobit Avatar Coin USD  vs   LiveCoin LEOcoin USD


Avatar Coin on Yobit in USD
0.0097  4.86%
Market Cap: 59.0


LEOcoin on LiveCoin in USD
0.0041  1.64%
Market Cap: 1.8 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Avatar Coin USD is expected to generate 20.67 times more return on investment than LiveCoin LEOcoin. However, Yobit Avatar is 20.67 times more volatile than LiveCoin LEOcoin USD. It trades about 0.23 of its potential returns per unit of risk. LiveCoin LEOcoin USD is currently generating about -0.07 per unit of risk. If you would invest  15.00  in Yobit Avatar Coin USD on February 15, 2018 and sell it today you would earn a total of  4.00  from holding Yobit Avatar Coin USD or generate 26.67% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Avatar and LiveCoin LEOcoin


Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit Avatar Coin USD and LiveCoin LEOcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin LEOcoin USD and Yobit Avatar is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Yobit Avatar Coin USD are associated (or correlated) with LiveCoin LEOcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin LEOcoin USD has no effect on the direction of Yobit Avatar i.e. Yobit Avatar and LiveCoin LEOcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Yobit Avatar Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Avatar Coin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

LiveCoin LEOcoin USD


Risk-Adjusted Performance

Over the last 30 days LiveCoin LEOcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.